In a large Dutch oven, heat oil and butter over medium heat.
2 tbsp olive oil, 1 tbsp butter
Add carrots, onion, green peppers, bell peppers, fennel, and jalapeno pepper, and cook for 5-7 minutes, or until tender and fragrant.
1 cup diced carrots, ½ cup diced yellow onion, ½ cup diced green peppers, ½ cup diced sweet bell peppers, ½ cup diced fennel, 1 medium diced jalapeño pepper
Sprinkle flour over the vegetables and stir. Cook another 30 seconds, while stirring.
2 tbsp all-purpose flour
Add the chicken broth and potatoes; stir well.
6 cups unsalted chicken broth, 2 cups Yukon Gold potatoes
Bring the soup to a boil, and reduce heat to medium-low.
Simmer the soup, uncovered, for 15 minutes or until the potatoes are tender.
Reduce heat to low, add salt, ground pepper, nutmeg, and milk. Stirring often, cook an additional 5 minutes.
½ tsp kosher salt, ¼ tsp ground white or black pepper, ⅛ tsp freshly grated nutmeg, 1 cup milk
Add shredded cheese and stir until it melts. Serve and enjoy!
1 cup sharp cheddar, ½ cup Gruyère or Swiss cheese