That's a new one for me, worst case it's your rack, very well could be a collapsed hose.
If that were mine, I would pull the air filter and the bottom part the air filter rests in, and that will give you access to the return hose to the P/S reservoir.
Pull the return hose and what I did was install an elbow fitting and then a drain hose to a gallon jug when I flush my system, makes it a tad neater. Just remember to add fluid as the reservoir drains.
Have someone turn the wheel slowly and observe the fluid going into the jug, ensure there are no metal shavings but could be bits of rubber...who knows but this is at least the cheapest way to start.
If you have a bad hose, then if you change the rack you should change the hoses also so it's a start. Doesn't sound like a pump but again this is a new sound to me.