When Christ ascended, He transferred His authority to the Church. He is the Head of the Church, and believers make up the Body. Christ's authority has to be perpetuated through His Body, which is on the earth. (Throughout Ephesians and elsewhere in the epistles, Paul uses the human body as an illustration of the Body of Christ.)
Christ is seated at the right hand of the Father—the place of authority—and we're seated with Him. If you know anything about history, you know that to sit at the right hand of the king or pope means authority. We died with Christ, and we were raised with Him. This is not something God is going to do in the future; He already has done it!
God's Mightiest Work
EPHESIANS 1:18-23
18 The eyes of your understanding being enlightened; that ye may know what is the hope of his calling, and what the riches of the glory of his inheritance in the saints,
19 And what is the exceeding greatness of his power to usward who believe, according to the working of his mighty power,
20 Which he wrought in Christ, when he raised him from the dead, and set him at his own right hand in the heavenly places,
21 Far above all principality, and power, and might, and dominion, and every name that is named, not only in this world, but also in that which is to come:
22 And hath put all things under his feet, and gave him to be the head over all things to the church,
23 Which is his body, the fulness of him that filleth all in all.
Notice especially the nineteenth verse: "And what is the exceeding greatness of his power to usward who believe, according to the working of his mighty power. " In other words, there was such an overwhelming display of God's power in raising Jesus from the dead that this actually was the mightiest work of God ever recorded!
The Resurrection was opposed by Satan and all his cohorts. However, his forces were confused and defeated by our Lord Jesus Christ, who arose, ascended, and is now seated at the right hand of the Father, far above them.
Remember the text in Colossians 2:15? "And having spoiled principalities and powers, he [Christ] made a shew of them openly, triumphing over them in it [His death, burial, and resurrection]."
These are the same demonic powers we have to deal with, but, thank God, Jesus defeated them. Other translations say He "put them to nought" or "paralyzed them."
In ancient times, victorious kings bringing back captives would have a parade, making a show of them openly. Jesus did this with the devil, putting him on display before three worlds—heaven, hell, and earth—after He defeated him. God gave us this account in the Scriptures so we in this world would know what had happened.
God wants us to know what happened in the death, burial, resurrection, and seating of Jesus Christ. He wants us to know that He has set Christ "Far above all principality, and power, and might, and dominion, and every name that is named...." (Eph. 1:21).