Discussing the 2016 presidential race with FOX News' Sean Hannity on Monday night, Sen. Rand Paul (R-Ky) confirmed strong suspicions that he's considering a run for the job.

"I have been thinking about it," Paul said.

Though Paul received an unofficial endorsement Monday from former Alaska governor and vice presidential candidate Sarah Palin, who declared to the same network that she was on "Team Rand," Paul said he won't be making a decision for "probably a year."

"I mean, we've been considering it," he said. "I'm talking to my wife and kids about it."