sure. right click while in extrude tool and select local control right click again and under align handle select world.
first thing will put your pivot in the center of selected polygons second will align the handle to world position.
with this you can extrude in one axis. you might want to add a shortcut to them. I use “F”, G and H for toggling tool options. You can assign shortcuts to the keys separately depending on the tool or context you are in . There shouldn't be any conflicts.