Open the Settings App, go to Windows Updates - Update History, what is the KB number of the latest update installed, is it, KB5074109?
If that is the latest update installed, this is an ongoing problem with Outlook after the January Update, that update is affecting Outlook POP accounts, this is being reported by many people after that update, some people have reported if you uninstall the Windows update, that will resolve the problem, also, it is best to open the Feedback Hub app in Windows and report this to the Windows developers, if more people report this, then they will investigate the problem and provide a patch for this problem.