Best Instant Pot Chili Recipe

Ingredients

• 1 tbsp. extra-virgin olive oil
• 1 yellow onion, chopped 
• 3 cloves garlic, finely chopped 
• 2 tbsp. tomato paste
• 1 1/2 lb. ground beef
• 2 c. low-sodium beef broth
• 1 (15-oz.) can black beans, rinsed, drained
• 1 (15-oz.) can fire-roasted diced tomatoes
• 1 (15-oz.) can kidney beans, rinsed, drained
• 1 tbsp. plus 1 1/2 tsp. chili powder
• 1 tsp. dried oregano 
• 1 tsp. ground cumin 
• 1/2 tsp. cayenne
• Kosher salt
• Freshly ground black pepper
• Shredded cheddar, sour cream, Fritos or tortilla chips, and sliced scallions, for serving