WASHINGTON — President Joe Biden explained his decision not to seek reelection during a prime-time address from the Oval Office on Wednesday, saying now is the time to turn over power to the next generation.

“I’ve made it clear that I believe America is at an inflection point — one of those rare moments in history when the decisions we make now will determine the fate of our nation and the world for decades to come,” Biden said. “America is going to have to choose between moving forward or backward, between hope and hate, between unity and division.”

The 11-minute speech was the first time Biden spoke at length on camera since releasing a letter Sunday withdrawing as the Democratic Party’s presumptive presidential nominee. He will continue to serve out his term.

Biden has endorsed Vice President Kamala Harris, who has received support from enough delegates to clinch the party’s official nomination during a virtual roll call vote slated for early August.

Biden called into a campaign rally earlier this week, but had only given off-camera or brief remarks since announcing his decision to step aside while sidelined with COVID-19.

Calls for Biden to bow out began after his performance during the first presidential debate on June 27 raised significant concerns among Democrats and others about his age and cognitive abilities.

‘Nothing can come in the way of saving our democracy’

Speaking directly to Americans in his address, Biden said he believed his record, leadership and vision for the country’s future “all merited a second term.”

“But nothing, nothing can come in the way of saving our democracy and that includes personal ambition,” Biden said. “So I’ve decided the best way forward is to pass the torch to a new generation. That’s the best way to unite our nation.”

Biden said that while there is “a time and a place for long years of experience in public life,” there is also a time for “younger voices.”

“And that time and place is now,” Biden said.

During his remaining six months in office, Biden said he planned to continue pressing for gun control, reproductive rights, voting rights and an end to all forms of violence, including political.

Biden said he wanted to secure an end to the war in Gaza and bring home the hostages that Hamas took when it attacked Israel on Oct. 7.

He said he planned to press for changes to the Supreme Court, calling it essential for democracy.

Biden also recounted the numerous laws enacted since he became president as well as his efforts to hold the NATO alliance together following Russia’s invasion of Ukraine.

He said he hoped Americans understood how “grateful” he was for his decades as an elected official.

“I ran for president four years ago because I believed, and I still do, that the soul of America was at stake, the very nature of who we are was at stake,” Biden said.

Harris, he said, has the experience, strength and capability to lead the country following the November elections.

“The great thing about America is here, kings and dictators do not rule — the people do,” Biden said. “History is in your hands, the power is in your hands, the idea of America lies in your hands. We just have to keep the faith and remember who we are.”