I didn't heard of a function like that or a plugin that is providing that function.
It should be possible to hide the labels section with a custom CSS, but then you have to take care that you don't hide the add-label-function also.
Then you have to find a way to show the pages labels from within an expand macro. Might be possible, but I wouldn't do that.
Why do you want to hide labels? Maybe there's another way to reach your goal.
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