Okay, so I tried both solutions and I was still getting the Generator message at PS startup.
But then I decided to check my Windows Virus & threat protection settings and opened the Ransomware protection area where they have a link to "Allow an app through Controlled folder access."
Once there I clicked "Add an allowed app" to see if I could add node.exe there as well. A prompt actually comes up when you click that button allowing you to choose "Recently blocked apps," where I saw that a number of apps listed. Many were Adobe apps so I chose all of them. None were actually the \Adobe Photoshop 2020\node.exe, but adding all of these files to that list has corrected the issue for me.
I'm sure that I don't need to allow all of these filles access to resolve this issue, but I don't see why I shouldn't allow them either.
After this worked I returned to my MB settings to switch ransomware protection back on and reopened PS to make sure this still worked, which it did.
Thanks again for the assistance. Now I just need to make time to research if Microsoft is aware that this is an issue on their end.