Wendy Lee Gramm (born January 10, 1945) is an American economist who led the Commodity Futures Trading Commission during the Reagan administration.

[8] Her husband's 1996 presidential bid was cut short by a political scandal arising from his past investments in the porn industry, which led the New York Post to nickname him "Porno Gramm".

[13] Prior to George W. Bush's election, Phil Gramm introduced the Commodity Futures Modernization Act which deregulated the trading of derivatives.

[8] After news of the Enron scandal became public in October 2001, Gramm and the other directors of the energy company were named in several investor lawsuits, many of which have been settled.

[18] She has sat on the boards of Enron Corporation, Iowa Beef Processors, Invesco Funds, Longitude, the Chicago Mercantile Exchange, and State Farm Insurance Companies.

Phil Gramm, a senior professor 3 years older than Wendy, expressed his interest in her after the interview.

Six weeks later, she arrived on campus, and they wed.[20] She has two sons: Jeff, who is in the indie-rock band Aden, and Marshall, a professor of economics at the Presbyterian-affiliated Rhodes College.