Rub olive oil over chicken breast, then rub with paprika, onion powder, garlic powder, chili powder, rosemary, thyme and sage, then season generously with salt & pepper.
Turn Instant Pot to saute mode, then saute turkey breast for 2-3 minutes per side. Turn off saute mode, remove turkey breast, then add trivet. Pour in 1 cup chicken broth then place turkey breast on top of trivet.
Press the pressure cook button and set to high, then cook for 12 minutes. The Instant Pot will take about 5-10 minutes to come to pressure, then notify you it's done by beeping.
Press the Cancel button then let the Instant Pot do a natural release of the pressure for 10 minutes. Follow by doing a quick release. Open the lid when pressure gauge has dropped and the lid opens easily.
Remove turkey breast and trivet, then turn Instant Pot back to saute mode. Meanwhile, broil turkey breast for 2-3 minutes until skin crisps up, watching closely so it doesn't burn.
Whisk in butter until melted, then whisk in flour. Pour in remaining cup of chicken broth and whisk to combine, bringing to a boil. Stir until thickened, about 2-3 minutes.
Serve gravy overtop of turkey breast, and serve with desired sides. Enjoy!