Chris Wallace joined Bill O'Reilly tonight on "The O'Reilly Factor" to react to President Donald Trump's explosive press conference.

Wallace said that it was a "determined effort" by Trump to seize the narrative and push back against how the press has covered his administration.

"This was a president saying, 'I'm in charge. I know what I'm doing. I'm not going to bend to Washington. Washington's going to have to get used to me,'" Wallace said.

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O'Reilly noted that some in the media have said Trump was acting "unhinged" or "hysterical," but he thought the president was simply being defiant in a low-key way.

"Overall, I thought that he was in control," Wallace said. "And he seized control of the narrative and said, 'Chaos? Heck no. It's running like a [fine]-tuned machine."

He added that it's important not to exaggerate the importance of this news conference or the media's Trump coverage, because it all boils down to the results Trump gets as commander-in-chief.

"If he improves the economy, if he gets tax reform through, if he gets ObamaCare repealed and an effective [replacement] through, then it's not going to matter," Wallace said. "And conversely, if he doesn't get that stuff through and people's lives don't change, then he could have all the positive press in the world and it isn't going to matter."

Watch more above, and let us know what you think in the comments.

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