“I’m just sad with the way last night turned out.”

Chris Wallace, the “Fox News Sunday” anchor and moderator of Tuesday’s melee of a debate between President Donald Trump and Joe Biden was on the phone Wednesday from his home in Annapolis, Maryland, reflecting on — his words — “a terrible missed opportunity.”

“I never dreamt that it would go off the tracks the way it did,” he said.

In his first interview since the chaotic and often incoherent spectacle — in which a pugilistic Trump relentlessly interrupted opponent and moderator alike — Wallace conceded that he had been slow to recognize that the president was not going to cease flouting the debate’s rules.

“I’ve read some of the reviews, I know people think, well, gee, I didn’t jump in soon enough,” Wallace said, his voice betraying some hoarseness from the previous night’s proceedings. “I guess I didn’t realize — and there was no way you could, hindsight being 20/20 — that this was going to be the president’s strategy, not just for the beginning of the debate but the entire debate.”

President Donald Trump gestures while speaking during the first presidential debate Tuesday, Sept. 29, 2020, at Case Western University and Cleveland Clinic, in Cleveland, Ohio. (AP Photo/Julio Cortez) otkm120 otkm120

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Recalling his thoughts as he sat onstage in the Cleveland hall, with tens of millions of Americans watching live, Wallace said: “I’m a pro. I’ve never been through anything like this.”

Trump’s bullying behavior had no obvious precedent in presidential debates, even the one that Wallace previously moderated, to acclaim, in 2016. In the interview, the anchor said that when Trump initially engaged directly with Biden, “I thought this was great — this is a debate!”

But as the president gave no sign of backing off, Wallace said, he grew more alarmed. “If I didn’t try to seize control of the debate — which I don’t know that I ever really did — then it was going to just go completely off the tracks,” he said.

Asked what he was feeling when he called the debate to a temporary halt — instructing the candidates that “the country would be better served if we allowed both people to speak with fewer interruptions” — Wallace said, “The answer to that question is easy: Desperation.”

Asked directly if Trump had derailed the debate, Wallace replied, “Well, he certainly didn’t help.”

Care to elaborate? “No,” Wallace said. “To quote the president, ‘It is what it is.’ ”

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In the spotlight, Wallace was keenly aware of the complexity of his task: ensuring an evenhanded debate, avoiding taking sides, allowing candidates to express themselves while keeping the discussion substantive.

“You’re reluctant — as somebody who has said from the very beginning that I wanted to be as invisible as possible, and to enable them to talk — to rise to the point at which you begin to interject more and more,” Wallace said. “First to say, ‘Please don’t interrupt,’ then ‘Please obey the rules,’ and third, ‘This isn’t serving the country well.’ Those are all tough steps at real time, at that moment, on that stage.”

The Commission on Presidential Debates said Wednesday that it would examine changes to the format of this year’s remaining encounters between Biden and Trump, a clear sign of its frustration with the results of Tuesday evening. The commission also took pains to praise Wallace for his “professionalism and skill.”

The suggestion that moderators be given the power to mute the candidates’ microphones — popular on social media in the hours after the event — did not sit well with Wallace.

“As a practical matter, even if the president’s microphone had been shut, he still could have continued to interrupt, and it might well have been picked up on Biden’s microphone, and it still would have disrupted the proceedings in the hall,” he said.

And he noted that cutting off the audio feed of a presidential candidate is a more consequential act than some pundits give it credit for. “People have to remember, and too many people forget, both of these candidates have the support of tens of millions of Americans,” he said.

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Steve Scully of C-SPAN is set to moderate the next debate, in a town-hall format where Florida voters will ask many of the questions. Kristen Welker of NBC News is the moderator for the final debate. Wallace’s advice: “If either man goes down this road, I hope you’ll be quicker to realize what’s going on than I was. I didn’t have that advance warning.”

Wallace flew home from Cleveland on Tuesday night. At an airport there, he accepted a glass of Champagne from Lachlan Murdoch, whose family controls the Fox Corp., and Suzanne Scott, the chief executive of Fox News, both of whom had been on hand for the debate. (“I didn’t feel much like celebrating,” Wallace admitted.)

Back in Annapolis, “I’ve been involved in a certain amount of soul-searching.”

“Generally speaking, I did as well as I could, so I don’t have any second thoughts there,” Wallace said, in conclusion. “I’m just disappointed with the results. For me, but much more importantly, I’m disappointed for the country, because it could have been a much more useful evening than it turned out to be.”