Slice the chuck roast against the grain in 1" pieces. Season vigorously with salt and pepper. Turn the instant pot on the saute setting and add the olive oil. When the oil is nice and hot, working in batches, brown the beef on both sides. Remove with a slotted spoon and set aside. Chop the onion, carrot, celery and set aside.
Add a splash more olive oil to the pot, scraping up any brown bits at the bottom of the pot with a spoon. Add the chopped onion, carrot and celery. Saute for 5 minutes, until the onion starts to become translucent. Add the minced garlic and cook for 1 minute until the garlic becomes fragrant. Slice the mushrooms potatoes. Add the potatoes and mushroom to the pot. Season with salt, pepper, dried thyme and garlic powder. Add the tomato paste and mix well to incorporate.
Add the browned beef back to the pot. Next, add the red wine, beef broth and farro stirring well. Add the bay leaves and place the lid of the pressure cooker into the locked position. Set the pressure cooker to cook on high for 30 minutes. Allow to naturally release for 20 minutes, remove the lid and check seasoning. Add additional salt, pepper and garlic to taste, if desired. Serve with fresh artisan bread for dipping. Enjoy!