If statistical power is the probability of correctly rejecting a false null hypothesis, then shouldn't power equal $P(\mathrm{TN})$? I am confused with naming here because in ML, true negatives simply means you do not have something (negative) and it was a correct classification (true). That's how I look at it.
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If I were to describe it using the language of classification, statistical power concerns the probability we find a true positive (the effect truly is not the null effect, and we have correctly detected it).
Indeed, the type 2 error rate is the false negative rate and power is 1-false negative rate, hence true positive rate.