Cook the gnocchi as directed. Usually only takes 2-3 minutes after the water is boiling. Once they rise, remove from boiling water set aside on plate.
Meanwhile, saute the bacon slices in a large 12-14" skillet. Once cooked, remove the bacon and pat dry. Pour off most (but not all!) of the bacon fat. Run a knife through the bacon to crumble it.
To the same skillet, melt the butter and whisk in the flour. Quickly whisk in the milk, keeping it from clumping. Let simmer over medium-low heat for 4-5 minutes, stirring often as it thickens. Once the sauce has thickened, add in the gnocchi, peas and crumbled bacon. (Note: If using frozen peas, you'll need to cook them and drain off the water.)
Let the gnocchi and other ingredients simmer in the sauce for a few minutes. Season with onion powder, garlic powder and salt and pepper to taste.
If you want the sauce to be a little thinner, you can stir in a little more milk, until it reaches desired consistency.
Prepare some other veggies or side salad.
Serve Creamy Gnocchi with Peas and Bacon and side of veggies/salad.