Power Steering Pressure Switch (PSPS)
WARNING: This page is about a different car, the 1995 Ford Pickup, 1995 Ford Econoline, 1995 Ford Club Wagon, and 1995 Ford Bronco. However, it is still accessible from the selected car via links, so may be relevant.
Faulty PSPS or circuit should set a diagnostic trouble code. See QUICK TEST in TESTS W/CODES - EEC-IV (5.0L) article. If diagnostic trouble code has not been set, see CIRCUIT TEST FF in TESTS W/CODES - EEC-IV (5.0L) article for testing.