In a medium stockpot, melt 2 Tbsp butter over medium heat.
Add 1 cup mushrooms, 1 tsp thyme, 1 clove garlic (minced), 2 tsp salt, ½ tsp pepper, 1 tsp onion powder. Cook until the mushrooms start to soften, about 5-7 minutes.
Add 2 Tbsp flour to the pot and stir to coat. Let the flour cook for about 1 minute, stirring occasionally.
Add ½ cup milk and ½ cup beef broth and whisk well to incorporate the flour into the liquid.
Bring the mixture to a boil and whisk well until the soup is very thick, anywhere from 2-5 minutes.
Taste the soup (careful, it will be hot) and add additional salt if needed.