04/07/2013 07:48 pm ET Updated Apr 08, 2013

Bill Clinton On 2016: 'America Will Have Some Very Good Choices For President'

Former President Bill Clinton predicted Saturday that Americans will have "some very good" candidates to pick from in the next presidential election, CNN reports.

During a question-and-answer session at the Clinton Global Initiative University's annual meeting in St. Louis, the former president was asked if he would rather have eight more years in the White House or complete 16 projects for the nonprofit organization.

"I would rather keep doing what I'm doing," Clinton said. "Because I think America will have some very good choices for president."

As Clinton's wife, former secretary of state Hillary Clinton, returned to the public stage last week, speculation on whether she will run for president in 2016 has reached heightened levels.

While recent polls have shown the former First Lady with a significant edge over potential rivals in the Republican Party, including Sen. Marco Rubio (R-Fla.), Sen. Rand Paul (R-Ky.) and former Florida Governor Jeb Bush, Clinton has yet to make an announcement on whether or not she will run.

However, her reluctance to wade into a campaign just yet hasn't stopped her supporters from organizing. The Ready For Hillary PAC, which last week launched its website two months after filing paperwork with the Federal Election Commission, has already attracted one big name -- longtime Clinton adviser James Carville.

"I’m not going to waste my time writing you about how great Hillary is or how formidable she’d be – you know it all already," Carville wrote in an email to the group's supporters. "But it isn’t worth squat to have the fastest car at the racetrack if there ain’t any gas in the tank — and that’s why the work that Ready for Hillary PAC is doing is absolutely critical. We need to convert the hunger that’s out there for Hillary’s candidacy into a real grassroots organization."