What version of Premiere Elements and Photoshop Elements are you using and on what computer operating system are they running?
My answer for Premiere Elements 12 Windows would be No.
You can verify in the Adobe Photoshop Elements Forum, but, for Photoshop Elements 12 Windows, the only place I see a possibility there is
Edit Menu/Preferences/Type and Type Preview Size (ranges from small to huge). I can see that go into effect if I select the Type Tool and then look at the Font names With the preference set a small, those Type Font names will be small and with the preference set at huge, those Type Font names are much larger. I have not explored other.