Set Instant Pot to sauté mode and add olive oil. When hot, add ground turkey and brown for about 5 minutes until no longer pink.
Still in sauté mode, add onions, peppers, 1 tbs chili powder, garlic powder, black pepper, cumin and oregano. Continue to sauté for about 5 minutes, stirring often.
Press cancel to stop sauté mode and add chicken broth and red wine vinegar. Scrape bottom of pot if there's any bits stuck on. We do NOT want any bits stuck on.
Add the following but do NOT stir in: the can of diced tomatoes and chiles, tomato sauce, beans, remainder of chili powder sprinkled on top.
Secure lid, make sure vent is set closed (sealing position), and pressure cook (high pressure) for 15 minutes.
When cycle is complete, do a quick release of the pressure (this will take about 2-3 minutes). When pin drops, carefully remove lid and stir the chili. Let it rest and cool for at least 5 minutes before serving.