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Put a white dot on the PS pulley.
Have someone crank the wheel lock to lock while you watch.
I bet the pulley is seizing up.
If that is the case, a new belt is in order.
It was surprisingly hard to tighten the PS belt on my 6.2.
There is a 1/2" drive square hole, but none of my 1/2" ratchets fit in there with the pump in the way.
I have to pry on other stuff to get it tight, trying never to pry on the actual pump housing of course.
But what you describe is exactly what mine did when the belt slipped and no squeal either.
Pulley just seizes up and boost stops.