Try reassigning it to your QAT and see what happens.
Modifying the Quick Access Toolbar (QAT) in Microsoft Word
When you assign it, store the QAT modification in the normal template, not "for all documents."

I doubt if Power Toys is causing this problem, but if reassigning your macro to the QAT does not work, try starting Word without Power Toys operational and see.
I think it had been 20 years since I looked at Power Toys. i see they have been reborn. Windows Insider