Yes, temporarily.
I consider the account of the political relationship between the Pharaoh of Egypt and Joseph to be an excellent illustration of the political relationship between God and Jesus.
- Joseph was given all authority in Egypt:
Gen_41:41 And Pharaoh said unto Joseph, See, I have set thee over all
the land of Egypt. Gen_41:44 And Pharaoh said unto Joseph, I am
Pharaoh, and without thee shall no man lift up his hand or foot in all
the land of Egypt.
- the line between Joseph and Pharaoh was never compromised.
At no point did Pharaoh cede or diminish his own supremacy. Joseph was absolute ruler in Egypt except for his complete submission to Pharaoh just as Jesus was given "all authority" but that authority did not change the fact that he was subject to his God. There was an apotheosis but he never actually became God or Pharaoh:
1Co 15:27 For "God has put all things in subjection under his feet."
But when it says, "all things are put in subjection," it is plain
[obvious!] that he is excepted who put all things in subjection under
him.
- it was temporary. After the subjugation of God's enemies is complete Jesus will no longer have any political power so that God may be "all in all" (or, "God alone will rule and God will rule alone"):
1Co 15:28 When all things are subjected to him, then the Son himself
will also be subjected to him who put all things in subjection under
him, that God may be all in all.
God did the same with his role as shepherd. He appointed Jesus as shepherd and he himself ceased be the acting shepherd. YHVH placed his flock in the care of Jesus:
Joh 17:6 "I have manifested your name to the people whom you gave me
out of the world. Yours they were, and you gave them [entrusted their care] to me, and they
have kept your word.
Joh 10:29 My Father, who has given them [entrusted their care] to me, is greater than all,
and no one is able to snatch them out of the Father's hand.
Act_2:36 Therefore let all the house of Israel know assuredly, that
God hath made that same Jesus, whom ye have crucified, both Lord and
Christ.