(Charles Dharapak/AP Photo)

President Obama used the first public remarks of his second term to address what he called the "most significant" event of this weekend: his wife's much-talked-about new haircut.

"I love her bangs," Obama told supporters at an inaugural reception at the National Building Museum. "She looks good. She always looks good."

First lady Michelle Obama, wearing a black sequined cocktail dress and showcasing her new hairdo, also heaped compliments on her husband.

"Let me tell you, it has just been a true thrill to watch this handsome, charming individual grow into the man and the president that he is," she said, as she reached out to playfully touch the president's face, sparking laughter from the crowd.

Praising his compassion and courage, the first lady introduced the president as the "love of her life."

Obama, who was sworn in for a second term in a small White House ceremony earlier today, kept his remarks short, noting he has another big speech to deliver Monday.

"There are a limited amount of good lines and you don't want to use them all up tonight," he joked.

Because the Constitutionally mandated date for the inauguration, Jan. 20, fell on a Sunday this year, the traditional, public ceremony was delayed until Monday.

Saving the best for his official inaugural address, the president instead dedicated the bulk of his remarks to thanking supporters for their hard work and dedication to getting him re-elected.

"You understood this was not just about a candidate; it was not just about Joe Biden or Barack Obama. This was about us, who we are as a nation, what values we cherish, how hard we're willing to fight to make sure that those values live not just for today but for future generations," he said.

"All of you here understood and were committed to the basic notion that when we put our shoulders to the wheel of history, it moves… It moves forward. And that's part of what we celebrate when we come together for inauguration," he said.