Fort Lauderdale, Florida (CNN) Former Vice President Joe Biden told a Florida audience Monday night he is nearing a decision on whether he'll run for president in 2020.

"The answer is that I'm running the traps on this. I don't want to make this a fool's errand," Biden said during an event in Fort Lauderdale. "I'm a lot closer than I was before Christmas, and we'll make the decision soon."

The comments offer the latest insight into Biden's current thinking about a possible presidential bid. He is expected to make a decision about a possible run for the White House in the coming weeks, but a formal announcement of his intentions may not come until later this winter or early spring.

"The one thing that's for certain is we are in my view in a battle for America's soul," Biden said. "I'm making a decision now whether or not I'm the right person because it's important, it's critically important that we change the atmosphere."

Biden has recently indicated to some allies and supporters that he is leaning towards a run, but ultimately, his decision will hinge on whether his family is prepared for another run. In the meantime, Biden's political team is preparing a detailed plan for a possible campaign to have ready should he give the greenlight for a run, several people familiar with the matter have told CNN.

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