Hillary Clinton may be considered the Democratic frontrunner in the fast-approaching 2016 election, but Vice President Joe Biden is still thinking about getting into the ring himself.

“There may be reasons I don’t run, but there’s no obvious reason for me why I think I should not run,” Biden told Kate Bolduan on CNN’s “New Day” Friday.

Biden went on to say that he would likely make his decision sometime in the summer of 2015, after evaluating whether or not he is truly the best candidate to give “ordinary people a fighting chance” and shape a “sound foreign policy.”

“I think there’s a future for this country. I know people think I am too optimistic. But it is incredible. There’s so much just within our grasp,” Biden said. “It doesn’t mean I’m the only guy who can do it, but if no one else can and I think I can, I will. If I don’t, I won’t.”

Biden, who ran for president in 1988 and again in 2008, says his wife, Jill Biden, would play a large role in determining his decision. He says she was initially unsure whether or not he should run again after his failed 1988 bid, but that her support played a large role in launching his 2008 campaign.

“When I ran the first time, Jill didn’t wanna run again,” Biden said. “Second time, she came to me and said ‘You’ve got to run.’ The reason she wanted me to run? Because she was convinced if I ran, we’d end the war in Iraq and have sounder foreign policy. She was convinced that if I ran I would work like hell to make sure the middle class got a fighting chance.”

If Biden did end up deciding to run, he would face a considerable challenge from Clinton, overwhelmingly the favorite potential 2016 candidate among Democratic voters. According to a January poll released by the Washington Post, 73 percent of those who lean to the Democratic Party say they support Clinton. Biden clocked in second, at 12 percent.

Watch Biden’s interview on “New Day” below.